“Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.“ - Michael Steinhardt
Tuesday, 16 April 2013
LSL Market Review 16th Apr 2013
Retail participation was up and running soon after the festivities which is promising for all stakeholders. Block trades on banking counters helped to prop up turnover levels with PABC seeing a 15% stake being split amongst 6 trades. Banking counters were also seen regaining momentum whilst Lion Brewery touched an all-time high price of Rs. 340.00.
ASI gained 12.80 points (0.22%) to close at 5,852.68 and the S&P SL20 index gained 18.03 points (0.54%) to close at 3,351.57. Turnover was Rs. 1,580.0Mn.
Top contributors to turnover were Pan Asia Bank with Rs. 948.7Mn, Hatton National Bank with Rs. 325.6Mn and Commercial bank with Rs. 72.5Mn. Most active counters for the day were Pan Asia Bank, Swarnamahal Financial Services and Nation Lanka Finance.
Notable gainers for the day were Nation Lanka Finance warrant 21 up by 15.4% to close at Rs. 1.50, SMB Leasing up by 11.1% to close at Rs. 1.00 and Ceylon Tea Brokers up by 9.6% to close at Rs. 5.70. Notable losers for the day were Kalamazoo down by 14.1% to close at Rs. 1,850.00, Pan Asia Bank down by 5.6% to close at Rs. 20.30 and Renuka Agri down by 4.7% to close at Rs. 4.10.
Cash map for today was 60.10%. Foreign participation was 64% of total market turnover whilst net foreign buying was Rs. 638Mn.
Subscribe to:
Posts (Atom)